An agreement between the Chinese shipping and port group Cosco and Greek government will be signed on Friday noon regarding the concession of 51% of the Piraeus Port (OLP).

The agreement will be signed at Maximos Mansion in the presence of Greek Prime Minister Alexis Tsipras.

Under the agreement, 16% will be transferred within 5 years after the completion of 300 million euros investment. The government will keep 23% of the share capital and 3 positions on the Board, until the 16% is transferred. After that, the State will keep 7% and one position on the Board.